Slot Machine Revenue in Pennsylvania Drops 9% in February

Slot Machine Revenue in Pennsylvania Drops 9% in February
PR Newswire
HARRISBURG, Pa., March 4, 2013
Additional gaming day in 2012 due to "Leap Year" a factor in decrease
HARRISBURG, Pa., March 4, 2013 /PRNewswire-USNewswire/ -- The Pennsylvania
Gaming Control Board reported today on its web site that total revenue
generated through the play of slot machines at Pennsylvania casinos during
February was down 9.2% compared to the amount generated a year ago.
According to the report, this February's gross revenue at the eleven operating
casinos from slot machine play was $195,945,210 compared to $215,687,739 of
gross revenue in February 2012. Tax revenue generated in February of this year
just from slot machine play was $105,113,514.
The Board noted that gross revenue from slot machine gaming in February 2013
was produced over a 28 day period, while February 2012 was a 29-day "Leap
Year" month resulting in one of the top three revenue producing months to
date.
In a comparison of just the ten casinos operating in February 2013 that were
also open for the full month of February 2012, revenue was 11.5% lower this
year.
Gross revenue for each of the casinos operating in February 2013 is as
follows, with the percentage change reflected for those casinos.
Casino February 2013 February 2012 % change
Parx Casino $30,469,655.95 $34,445,594.16 -11.54%
Rivers Casino $24,444,402.66 $25,344,620.18 -3.55%
Sands Casino Resort Bethlehem $23,537,900.37 $25,308,122.71 -6.99%
Harrah's Philadelphia Casino and $20,360,153.06 $23,181,977.41 -12.17%
Racetrack
Hollywood Casino at Penn National $19,506,358.27 $22,328,131.02 -12.64%
Race Course
The Meadows Racetrack and Casino $18,162,664.70 $21,110,946.51 -13.97%
Mohegan Sun at Pocono Downs $17,370,134.41 $20,170,535.91 -13.88%
SugarHouse Casino $16,485,533.17 $18,255,337.22 -9.69%
Mount Airy Casino Resort $10,602,467.55 $11,624,968.00 -8.80%
Presque Isle Downs and Casino $10,003,663.53 $13,917,505.65 -28.12%
Valley Forge Casino Resort $5,002,276.76 -- --
Statewide Total $195,945,210.43 $215,687,738.77 -9.15%
The average number of operating slot machines throughout Pennsylvania at the
11 casinos was 26,382 in February 2013 compared to 26,309 at the casinos in
February 2012.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 with the passage
of Act 71, also known as the Race Horse Development and Gaming Act.
Pennsylvania's first new state agency in nearly 30 years, the Gaming Control
Board is tasked to oversee all aspects of the state's casino industry. The 11
casinos in operation all offer both slot machine and table game gambling,
employ over 16,000 people, and collectively generate an average of $4 million
per day in tax revenue. A portion of that money is used for property tax
reduction to all Pennsylvania homeowners; provide funds to the Commonwealth's
horse racing industry, fire companies, a statewide water and sewer project
grant program, and the state's General Fund; and, established a new stream of
tax revenue to local governments that host casinos for community projects.
A wealth of information about the Gaming Control Board's regulatory efforts
and Pennsylvania's gaming industry can be found at
www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board
meetings live or view videos of past meetings, look up future meeting
schedules and past meeting transcripts, obtain information on identifying a
gambling problem and gaining assistance, access an interactive map of casino
locations, request a speaker for their group, along with much more
information. You can also follow the agency on Twitter by choosing
@PAGamingControl.
CONTACT: Doug Harbach or Richard McGarvey
(717) 346-8321
SOURCE Pennsylvania Gaming Control Board